WH Ireland directors quit

TWO suspended directors of Manchester-based stock-broker WH Ireland have left. WH Ireland said that executive deputy chairman Laurie Beevers and fellow director David Youngman had left the company with immediate effect.

TWO suspended directors of Manchester-based stock-broker WH Ireland have left.

WH Ireland said that executive deputy chairman Laurie Beevers and fellow director David Youngman had left the company with immediate effect.

The pair, who led the business for more than a decade, were suspended last month after mounting a rebellion against chairman Rupert Lowe, chief executive Richard Ford and two other directors. They indicated they would not be voting in favour of resolutions at the annual meeting to re-elect Mr Lowe, Mr Ford, finance chief Nigel Gurney or non-executive director Roland Rudd.

Earlier this month, it was announced that Mr Beevers and Mr Youngman agreed to sell shares to the controlling shareholder in Blue Oar Securities without the board's consent.

WH Ireland had been in talks to acquire Blue Oar but called them off in March.